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ECB’s Draghi: Solution for Greek Debt is in the interest of the Eurozone

A solution for the Greek Debt is in the interest of the eurozone, chief of the European Central Bank, Mario Draghi said on Monday, speaking at the Economic and Monetary Committee of the European Parliament.

Answering a question posed by Giorgos Kyrtsos, MEP of conservative New Democracy, Draghi stressed  that “there are still concerns about the sustainability of Greek debt” and therefore it is “in favor of the euro zone as a whole and of Greece to find a lasting solution that will ensure the sustainability of Greek debt in the short and long term.”

He said further, that the Eurogroup of November 7th  “prepared a first package of measures”, noting that he expects a deal about these at the next Eurogroup meeting in December. “We look forward to a solution that can fully restore the confidence in the sustainability of the dynamics of public debt and address the key risks of the program”, Draghi said.

When asked by the EP Vice, SYRIZA MEP Dimitris Papadimoulis about some statements [by German finance minister Wolfgang Schaeuble] that the debate on the Greek debt can be delayed up to two years, Mario Draghi said that “the Greek people have made great progress in recent months” and that “it is very important not to disrupt this progress.” He continued that “the best that can happen is the successful conclusion of the second review,” noting that there are good prospects for it. “It is important not to lose the momentum,” Mario Draghi stressed.

PS After the IMF, Draghi is the next to disagree with Schaeuble.

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